Posted in Real Estate

An Inside Look at How Real Estate Agents Do Property Valuation

There is no denying that every home owner selling their property will want nothing more but to get the best price for the property that they are selling. This fact has thus led a lot of home owners to choose a real estate agent based on their being able to offer them the biggest valuation initially for the house that they are selling. But then, this is one very expensive mistake that most home owners have experienced.

When it comes to selling your house, what it is valued at is crucial. When the estimated value that is given to it is wrong, you will end up selling your house for a lower price than the actual value of your property. On the other hand, overpriced houses for sale are not too popular among most potential home buyers. With such prices, you will most likely wait longer periods of time before you can get a good offer or none at all. These are just some of the reasons why the real estate agent that you choose must be on that can get property valuation right.

Below are some of the key factors that help real estate agents be able to do the right valuation of your property.

1. Local amenities: Upon property valuation by the real estate agent, the location of the house for sale is one of the key factors that determine its current selling price. The selling price is basically influenced by how close the house is to local amenities such as banks schools, restaurants, parks, and shopping malls. A real estate property that has good transport roads will be priced higher in comparison to that which is located in secluded areas.

2. Size: A real estate agent will also consider the size of the house that you are selling when they are having your real estate property valued. The number of bedrooms that a house has affects its selling potential and price. In addition, the size of each room also assists in determining the buyer demographics.

3. Aesthetics: Basically, for a better priced property, it must be clean, tidy, and well-maintained. In addition, you can raise your selling price higher if your property is near water bodies or offers a great view. In the same manner as hotel rooms with a great view cost more, so do real estate properties that do the same or are near the beach or the river.

4. Kerb appeal: Real estate agents believe that how your property looks on the outside is equally important as how it looks on the inside. While the real estate agent will be assessing your outside surroundings, they will determine whether your property is standout in your neighborhood and if our front garden looks well maintained and neat enough. A house that offers an appealing exterior will be priced higher no doubt compared to that which does not.

5. Potential: Aside from the size of the property that will have some huge influence on its selling price, the flexibility of the property also matters. Real estate agents even make sure to determine if the property can still be extended. A house that has more potential to be improved can increase its selling price. Properties that can be renovated and improved can shoot up their selling prices easily.

Posted in Real Estate

Effective Ways to Maximize the Space of Your Apartment Balcony

One of the most sought-after properties in the present are the modern apartments. Usually, they attract young adults because of their being reasonably priced and their being in close proximity to amenities that they need most of the time. Apartments are also popular not just among young adults but also among other target groups that find them reasonable places to live.

Sadly, most apartments come with balconies that are very small. This makes it rather difficult for apartment dwellers to attain some kind of relaxation that these balconies should supposedly offer them. However, with just a bit of creativity, you can make the most of your apartment balcony space and make it the perfect spot for some R&R time.

Below are some effective ways to maximize the space of your apartment balcony.

1. Select only a few furniture pieces but make sure that they come with many functions.
With balconies supposedly being an area in your home that you can relax, they should have some loungers, tables, chairs, and many more. However, since apartment balconies only have limited spaces, it can be challenging to even just have more than one chair present in such space and still have an available walking space. To maximize your apartment balcony space limitations, find a table or chair that you can use as storage for other items of yours such as shoes, books, and magazines. You can actually get more multifunctional pieces as long as they are kept well organized to make some differences.

2. Introduce some warmth by having hanged plants and flowers.
In terms of plants and flowers and limited apartment balcony spaces, you might think that you cannot beautify this space of yours with some foliage anymore. Yes, the space is a bad idea for potted plants; however, you can have some plants and flowers that are hanging on your balcony that will not have any effect at all to you small apartment space. You have a number of options of hanged plants and flowers but just be sure to select the perfect number and sizes so that you will not be filling your small space completely with them. The whole point of getting hanged plants and flowers is making sure that your apartment looks more appealing and welcoming.

3. Improvise as necessary.
One of the perks of going creative with your apartment balcony space is that you can use this space for more than one purpose without having to spend a whole lot of your money for it. For example, if it seems impossible to get a set of chairs or lounger on your balcony, you can instead use some durable wooden crates for sitting purposes. They can just take up a small space of your balcony and give you a comfortable place in your apartment that you can relax. Just be sure to include some pillows and comfortable cushions on them. The open portions of your crates can also be used as storage for other items of yours. You can add a few books of yours or have some other items that can fit them stored there as you please.

With tiny apartment balcony spaces, it really just takes creativity and the abovementioned tips to get you started, and for sure, you can make the most out of this particular area of your home in no time.

Posted in Real Estate

Effective Real Estate Marketing Tips You Need to Know

Real estate marketing should not always be overly complicated. It also does not mean that you must always rely on the services of a real estate agent in selling and marketing your home. To better understand marketing in real estate, this article will expound about the matter mnemonic style. Here you can find some basic facts about real estate marketing that can better help you in your real estate endeavors whether you are a professional in real estate or just an average person selling your own property.

• Merits: First, make sure to clearly understand and identify what merits or strengths and weaknesses the house that you are selling has. How can you enhance on the positive of your home? How can you show your potential buyers that your home is the best choice out there? Why do you consider these factors your home’s merits or strengths? When it comes to effectively marketing homes, you have to sell its merits and not some technical information about it and the like.

• Assets; attention: Always bear in mind that for most people, a house is one of the biggest asset that they can ever have. Why must a potential buyer choose to live in your house? What sets it apart from other houses? How can you put some focus on the strengths of the home that you are selling?

• Relative: Know your competition in the market. It might look bizarre for most, but actually, as a home seller, you can benefit from attending open houses of other houses so that you can understand that local market better as well as do comparisons yourself. If you do this, you will be more willing, able, and ready to put a selling price on your house properly. How does the house that you sell compare to the other houses being sold in the local market? Be as objective as you can be.

• Knowledge: Every local real estate market has their own differences from the others. To get a better idea of the local market, make sure to talk with your real estate agent and professional about their insights of the local real estate market. This allows you be more realistically perceptive and have more realistic expectations.

• Energy; enrich: Find a real estate agent that is filled with energy and positivism and has an enriching focus. If the real estate agent that you choose is less energetic or not at all, then in turn, potential buyers will also not be too enthusiastic to work with them.

• Timely; trends; tailoring: Hire a real estate agent who is prompt so that you can benefit from every opportunity. He must make timely actions and decisions. Find someone who knows the relative trends such as your marketing options and avenues. You must find someone that can tailor their marketing plan to be fitting to your particular property.

• Insights; ideas: Go with a real estate agent that is not ashamed to share their insights and ideas with you. The best marketing approach will always be teamwork between the real estate agent and the home owner.

• Needs; niche: Does your home have a particular niche that will be attracted to it more? How might the home that you are selling fit well with the priorities and needs of your target market?

• Gain: And last, the purpose of your real estate marketing plan is to ensure to gain attention, views, and offers for the home that you are selling.

You see, MARKETING is crucial to selling your house in no time.

Posted in Real Estate

The Risks That You Take When You Buy a House During Its Redemption Period

Some home owners face financially challenging situations that leave them with no other choice but to sell their properties. However, if a property is mortgaged to a particular financial institution, such institution also has the right to foreclose the said property. But then, you have what you call the redemption period wherein the home owner will still get a chance to buy back their house that was foreclosed. And yet, there are certain risks that you have to pay close attention to so that the stipulated time given to you can be taken advantage of.

First things first, you need to understand that the redemption period that is given to you is constrained by time. Basically, you will only be given a short period of time to buy back your house after the third party or buyer has already filed the pertinent paperwork to court. When the said period is finished, the opportunity to regain the ownership of the house in question will be forfeited.

Another risk that you will be taking involves the price that you will have to pay to regain back your ownership of the house. Generally, the cost of the house alone is not the only thing that you have to keep in mind. You also have to be paying for the documentation costs, taxes, and mortgage overdue. All of these costs should be paid by you during the given redemption period.

Third, there are personal risks on the part of the home owner who wants to buy back their house. One of which includes their capacity to raise lots of money for them to be able to take care of all the associated costs necessary to gain back ownership of their house. When they were facing their financially challenging situation, for sure, they also had to take care of other expenses such as school fees, credit charges, as well as unpaid utility bills. All of these costs are even just additional ones from the regular costs involved in daily travel and food needs.

Aside from those three major risks just mentioned, there are also associated risks that can just appear at any instant. For instance, most home owners must find another place that they can live in for the meantime when they still have not bought back the house that has been foreclosed or sold. Again, there will be additional expenses that will be eating up the amount of money the home owner is trying to raise to redeem their house. Nevertheless, there are rare situations where the third party will still allow the home owner to live in the house until it has been redeemed or up until their redemption period has expired.

Basically, the redemption period is akin to a last ticket to the best movie of the year. Yet in comparison to movies that you can just stream over the internet, house re-ownership can be quite tricky. It involves a lot of money, time, and effort. These three elements must be ever-present along with some perseverance so that the redemption period will be overcome by the home owners leading them to gain back possession of the property that they have grown with and created and shared memories with.

Posted in Real Estate

Key Characteristics That Your Real Estate Agent Must Possess

Whether you are selling your home to relocate or you are finally buying a home, you will have to decide in the end if you should be hiring the services of a professional real estate agent or just do the selling or the buying part all on your own. If you decide to hire a real estate agent, then good for you. If you think that you can just do everything on your own, then you might want to think again.

You see, according to recent statistics, people who decide to sell their own homes have been found to net less even after they are done paying for commissions. Furthermore, the process of doing the entire thing themselves has led them to become tenser; stressed out; and physically, emotionally, and mentally challenged. And so, if it comes to deciding if you should hire a real estate agent to sell your house or buy a house, then you must do so.

Today, there are a number of real estate agents that you can choose from. However, this does not mean that you should just choose anyone who claims to be the best out of the bunch. There are actually some key characteristics that good real estate agents possess, and you must be sure to find them in the real estate agent that you hire. Here are some of them.

• Attention, attitude, aptitude, articulate: When looking for a real estate agent that you can hire, find one that pays close attention to your needs and one that ensures to find ways to be of value to you. He or she must have a positive attitude and provides focus and benefits to you so that you will not have a hard time buying or selling a home. The agent must also have a well-developed aptitude. Furthermore, he or she must be very articulate in getting his or her message across and in inspiring and motivating their clients.

• Guarantees; generate interest; guardian: It is your right to hire a real estate agent that not just gives you guarantees but make sure to act on them. Guaranteeing does not mean however that he or she will have determined a fixed price for your house for sale or the house that you are buying or even know how long it will take to sell or buy your house. Guaranteeing here means that the real estate agent will do what he can and do all that he can for your best interests. Moreover, your agent must serve as your guardian, someone who looks after your best interests.

• Empathy; energy; emphasis; evaluate; excellence: The real estate agent that you must hire must be one that knows how to effectively listen to you and knows how to empathize with you. Your agent must possess an energy that not just comforts you but inspires you as well at the same time, he or she must attract others to be attracted to the house that you are selling, for instance. His or her emphasis must be on getting things done and getting them done the right way. A good real estate agent must not thrive on making empty promises but instead must know how to carefully assess your property and tell you what its strengths and weaknesses are. Lastly, find a real estate agent who does not just settle with being good enough but being excellent in every aspect of real estate.